Bitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here’s When

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Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge.  Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025.

The cumulative inflows in Spot Bitcoin ETFs according to Farside data, have reached $14.66 billion since its launch on January 11.  Due to the high demand and massive capital pouring into this asset class, analysts expect Spot Bitcoin ETFs to be equivalent to 7% of BTC’s circulating supply by 2025 and 15% by 2033.

However, as the market continues evolving institutional investors’ interest could rise, adding massively to the current inflows in Spot Bitcoin ETFs.  Bernstein analysts wrote in their notes to clients that currently around $15 billion of net new flows have been brought in by ETFs combined.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Analyst Crypto analyst BTCUSDT Bitcoin price Bitcoin news Btc price Crypto Btc BTC news Bitcoin Btcusd Bitcoin Crypto news

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Published On: 2024-06-21 @ 21:30:01 (6 days ago)

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